Employment levels to increase in 2015

A report by the CPABC indicates while the Northwest may have experienced job cuts last year, the future is looking bright.

A report by the Chartered Professional Accountants of B.C. (CPABC) indicates, while the Northwest may have experienced job cuts in the service sector last year, the future is looking bright.

The CPABC recently released its annual Regional Check-Up report on Northwest B.C., comprised of the North Coast and Nechako regions, that states the labour market deteriorated in 2014, with total employment in the region reaching its lowest level in at least a decade.

Statistics Canada reported an overall loss of 1,600 jobs in 2014, a result of shrinking employment in the services-producing sector. This contributed to a 1.1 per cent increase in the unemployment rate, for an annual average of eight per cent. However, the report noted that virtually all job losses were part-time.

But economic activity is expected to pick up on the North Coast in 2015, as four projects located in and around Prince Rupert move forward: the Fairview Container Terminal Expansion, Prince Rupert Potash Terminal upgrade, and the Prince Rupert and Westcoast Gas Transmission Projects, worth a combined total of $12.4 billion.

The report states if these projects proceed, construction activity would create long and short-term employment opportunities, in addition to spin-off economic activity.  The construction of major projects and renewed demand for lumber exports through the Port of Prince Rupert should help expand the North Coast’s economy this year.

 

Just Posted

Broken axle caused New Hazelton train derailment: TSB

It could happen again without a different way to inspect trains

Cullen remains uncertain about political future

Says he’ll make decision in early March

Crews begin Highway 16 upgrades

The province promised updated lighting and signalling late last year

Terrace resident’s bill banning single-use plastics introduced in Ottawa

MP Nathan Cullen’s presented Ben Korving’s private member’s bill Wednesday

Ice skating on the North Coast, a rare treat

Seawolves hockey players bring their gear to Oliver Lake this week to play on the outdoor rink

Galchenyuk scores in OT as Coyotes edge Canucks 3-2

Vancouver manages single point as NHL playoff chase continues

B.C. legislature moving suspended staff controversy to outside review

Whale watching, Seattle Mariners trips billed as emergency preparedness, Speaker Darryl Plecas says

More people signing up for compulsory vaccines

Maple Ridge mom says public tired of hearing about measles

UPDATE: Man charged in stabbing of woman, off-duty cop outside B.C. elementary school

Manoj George, 49, is facing two counts of aggravated assault and two counts of assault with a weapon after the incident on Wednesday, Feb. 20.

Why do zebras have stripes? Perhaps to dazzle away flies

Researchers from University of Bristol look into why zebras have stripes

Poll: More voters believe Canada doing worse under Trudeau government

22 per cent believed the country is doing better and 27 per cent said things are the same

HBC shuttering Home Outfitters across Canada

North America’s oldest retailer is revamping its various stores to improve profitability

BC SPCA investigates Okanagan woman with prior animal abuse convictions

BC SPCA is investigating a property near Vernon

Most Read